Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $11.70 per hour. Production of 3,400 units required 10,400 hours at an hourly rate of $11.90 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance Magnolia, Inc., manufactures bedding sets. The budgeted production is for 29,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,010 yards with the desired ending balance of 4,200 yards of material. If the material costs $8.20 per yard, determine the materials budget for the year. Purple Co.'s production budget for Product X for the year ending December 31 is as follows: Product X Expected units to be sold 640,000 Desired ending inventory, December 31 85,000 Total units available 725,000 Estimated beginning inventory, January 1 (90,000) Total units to be produced 635,000 In Purple's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Product X Material A 0.50 lb. per unit Material B 1.00 lb. per unit Material C 1.20 lbs. per unit The prices of direct materials are as follows: Material A $0.60 per pound Material B $1.70 per pound Material C $1.00 per pound Prepare direct materials purchases budget for Product X, assuming that there are no beginning or ending inventories for direct materials (all units purchased are used in production). Round unit price to two decimal places and the remaining answers to the nearest whole dollar. Purple Co. Ruby Company produces a chair for which the standard specifies 7 yards of material per unit. The standard price of one yard of material is $10.30. During the month, 5,400 chairs were manufactured, using 37,000 yards at a cost of $10.92 per yard. Determine the following: Enter favorable variances as negative numbers. a. Direct materials price variance b. Direct materials quantity variance $ c. Total direct materials cost variance Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 40,300 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $21.90 per hour. Determine the direct labor budget for this year. $